New Zealand to reduce availability of emission credits from 2025

New Zealand plans to reduce the availability of emission credits starting in 2025 to meet its climate targets. This move aims to drive up the cost of carbon, encouraging businesses to invest in cleaner technologies and reduce emissions. The decision follows a review indicating that the current supply of credits is too high to meet the country’s climate goals. The government is retaining its plans to introduce a price floor and ceiling for carbon credits to provide more certainty for businesses and investors.